Royce & Associates LP Purchases 216,410 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Royce & Associates LP boosted its position in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 13.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,853,788 shares of the company’s stock after acquiring an additional 216,410 shares during the period. Royce & Associates LP owned about 0.11% of OneWater Marine worth $32,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ONEW. FMR LLC boosted its stake in OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the last quarter. AlphaQuest LLC bought a new position in OneWater Marine during the fourth quarter valued at approximately $158,000. Raymond James Financial Inc. bought a new position in OneWater Marine during the fourth quarter valued at approximately $199,000. Rhumbline Advisers boosted its stake in OneWater Marine by 3.6% during the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock valued at $338,000 after buying an additional 683 shares during the last quarter. Finally, Barclays PLC boosted its stake in OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after buying an additional 11,416 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

OneWater Marine Trading Up 1.7 %

Shares of NASDAQ ONEW opened at $16.10 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The business’s 50 day moving average price is $17.10 and its 200-day moving average price is $20.06. OneWater Marine Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $31.36. The company has a market cap of $262.64 million, a price-to-earnings ratio of -22.36 and a beta of 2.59.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. On average, sell-side analysts expect that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ONEW shares. Stifel Nicolaus decreased their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial decreased their price objective on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. DA Davidson decreased their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Finally, KeyCorp decreased their price objective on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, OneWater Marine currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Insider Transactions at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of OneWater Marine stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $15.40 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 682,368 shares in the company, valued at $10,508,467.20. This represents a 2.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 20.30% of the company’s stock.

About OneWater Marine

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.